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Please, no more questions about how we are going to pay off the COVID debt

By Steven Hail, Lecturer in Economics, University of Adelaide
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There are many uncertainties about the next federal election, but there is one thing about which you can be almost completely certain. It is the response that both the Prime Minister and the Leader of the Opposition will give when asked this question:

How are we going to pay off our COVID-19 debt?

Scott Morrison and Anthony Albanese disagree on a great many things, but in their answer they will be in perfect harmony.

It will be: “we will need to pay it back in the future by spending less or taxing more — otherwise, we might lack the…

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